$4,511 Closing Credit*
$379,900
1,659 SqFt
3 Beds
•2 Full Baths
John Boswell, Listing Office: Central Penn Appraisals, Inc.
Is Silver Spring Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Silver Spring Township has remained a Seller's Market.
Key Takeaway
Silver Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Spring Township, PA
How much do homes in Silver Spring Township, PA cost?
Median Sold Price
$410,001
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,001(+1.2%)
Key Takeaway
Homes in Silver Spring Township have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Silver Spring Township was $410,001 in October 2024, up 1.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $281.9K | $306K | +8.5% |
| 3 Bedrooms | $333.5K | $357.4K | +7.2% |
| 4 Bedrooms | $525K | $579.9K | +10.5% |
| 5+ Bedrooms | $800.5K | $682.5K | -14.7% |
Summary: Silver Spring Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Middlesex Township | $327K | $375.7K | +14.9% |
| Mechanicsburg | $344.8K | $374.9K | +8.7% |
| Hampden Township | $363.3K | $379.1K | +4.4% |
| Silver Spring Township | $405K | $410K | +1.2% |
Housing Supply in Silver Spring Township, PA
How many homes are available in Silver Spring Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 104 | +8.3% |
Summary: The Silver Spring Township real estate market had 104 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 33 | 33 | 0.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Silver Spring Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Spring Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Silver Spring Township in October 2024, up by 55.6% month-over-month. Of the 28 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% were sold over asking.
Days on Market for Silver Spring Township, PA
How long does it take to sell a home in Silver Spring Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -6.0% |
Summary: Homes in Silver Spring Township had an average of 15 days on market in Oct 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Silver Spring Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Silver Spring Township; 89% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
